Fuel & oil news
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Headlines
High Tanker Rates Disrupt Persian Gulf Oil Shipments to Asia
Chinese and Indian refiners struggle to secure supertankers for Persian Gulf crude as freight rates triple and war-risk guarantees remain uncertain, threatening supply flows to Asia.
India Pump Prices Stuck Despite Global Crude Crash
India's fuel prices remain elevated despite falling global crude oil prices, as retailers need time to pass on cheaper crude costs to consumers.
Iran Needs a Deal as Oil Crisis Turns Its Key Asset Into a Liability
Iran's oil export model, reliant on China and shadow logistics, faces disruption from the Strait of Hormuz crisis, making a nuclear deal more urgent despite sanctions.
JPMorgan Says European Stocks Cheap After Oil Slump
JPMorgan says European equities are attractively valued after the oil price slump, as easing Middle East tensions may boost investor appetite for the region.
Iran Nuclear Talks Stalled Over Fate of Enriched Uranium Stockpile
Negotiations over Iran's nuclear program remain deadlocked as the fate of its 440.9 kg stockpile of 60% enriched uranium poses a key obstacle, with implications for oil market stability in the Middle East.
Australia Renewable Energy Pipeline Surges 30% to Record 32.3 GW
Australia's pipeline of probable clean energy projects jumped by about 30% to a record 32.3 GW, driven by government tenders for nearly 10 GW of new capacity.
BOE Holds Rates at 3.75%, Cites Encouraging Oil Price Drop
The Bank of England held its key rate at 3.75%, noting the recent drop in oil prices as encouraging, though two policymakers dissented in favor of a hike.
Gasoline Dips Below $4 Per Gallon by a Hair
US gasoline prices have slipped just under $4 per gallon, a psychological threshold that could influence consumer sentiment and fuel demand expectations.
Goldman Sachs Warns Strait of Hormuz Traffic May Never Fully Recover
Goldman Sachs warns that tanker traffic through the Strait of Hormuz may only recover to 70% of pre-war levels due to alternative routes, potentially reshaping global oil supply chains.
High Oil Prices Drive 34% Surge in European EV Sales
High oil and fuel prices drove a 34% year-on-year increase in European electric vehicle sales in May, supported by cheaper Chinese imports and rising demand for domestic models like Renault.
Saudi Aramco Eyes $7 Billion Sulfur Asset Sale as Demand Soars
Saudi Aramco is considering selling a stake in its sulfur business for up to $7 billion, capitalizing on surging demand and tight global supply after Middle East disruptions.
Czech Central Bank May Hike Rates for First Time Since 2022
The Czech central bank is considering its first rate hike since 2022 to combat domestic inflation, even as global energy price risks ease.
Enterprise Products Partners Raises Dividend as EBITDA Grows 10%
Enterprise Products Partners raised its quarterly dividend after reporting 10% adjusted EBITDA growth, driven by strong midstream operations and new capital projects.
IEA Sees Massive Oil Surplus in 2027 as Middle East Supply Returns
The International Energy Agency forecasts a significant oil surplus by 2027 as Middle Eastern producers ramp up output, potentially capping crude prices and reshaping energy markets.
Barings Sees High-Yield Opportunity as Fed Holds Steady on Rates
Barings portfolio manager Kelly Burton highlights strong institutional demand for high-yield credits yielding 6-8%, with elevated yields persisting despite Fed policy uncertainty and geopolitical risks.
Clean Energy Investment Hits $2.2 Trillion, Nearly Double Fossil Fuels
The IEA projects global clean energy spending will reach $2.2 trillion in 2026, nearly double fossil fuel investment, marking a historic shift in energy capital allocation.
Alaska Air Group Stock Could Be 19.8% Overvalued After Oil Relief and SAF Progress
Alaska Air Group stock has rallied on lower crude prices and sustainable aviation fuel progress, but analysis suggests it may be nearly 20% overvalued.
RBC Capital Highlights Natural Gas Exposure in Black Stone Minerals Coverage
RBC Capital initiated coverage of Black Stone Minerals with a Sector Perform rating and $16 price target, citing its 76% gas-weighted portfolio and discounted valuation amid weak natural gas fundamentals.
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NowPrice news curates headlines from established financial sources (CoinDesk, Decrypt, Investing.com, MarketWatch, OilPrice, Bloomberg and others). Our editorial team writes concise summaries in 5 languages. We don't republish articles — every story links back to the source.